Explain the Concept of Lean Production

question 59

Essay

Explain the concept of lean production.Describe its relation to Six Sigma.

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Definitions:

Sustainable Growth Rate

The maximum rate at which a company can grow its sales, earnings, and dividends without increasing its financial leverage, relying solely on its internal resources.

Equity Financing

Equity financing involves raising capital through the sale of shares in a company, thereby giving investors ownership interests in the company.

Financial Policies

Guidelines and rules that govern a company's financial decision-making process and its pursuit of financial objectives.

Growth Achievement

The measure of progress or success in reaching specific growth targets, often related to personal development, business expansion, or economic indicators.